| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- The recent distribution of Bitcoin Cash and Bitcoin from Mt. Gox via the Kraken exchange has led to increased selling pressure on BCH.
- Bitstamp has received a sizable transfer of 5,110 BTC, valued at approximately $340.1 million, from Mt. Gox.
- Reddit users have reported that the repayment process on Kraken is progressing smoothly.
Discover how the recent Mt. Gox repayments are impacting Bitcoin Cash prices and market dynamics.
Bitcoin Cash Price Dips Following Mt. Gox Asset Distribution
The recent initiation of the Mt. Gox repayment program has coincided with a decline in Bitcoin Cash prices. Kraken, one of the key platforms facilitating this process, distributed 48,641 BTC from Mt. Gox, and subsequently, creditors began to withdraw their BCH and BTC holdings. Alongside this, Mt. Gox transferred considerable amounts of BTC to the Bitstamp exchange. These activities have contributed to a 5% drop in BCH prices, bringing it down to $368 within the past 24 hours.
Potential Rebound: Key Technical Indicators
Despite the current dip, the price chart for Bitcoin Cash suggests a potential trend reversal. The formation of an inverse head-and-shoulders pattern is emerging, which typically indicates a bullish sentiment. Should BCH break above the neckline at $395, it could trigger an upward movement towards the $529 resistance level, signifying a 41% increase from its current value. However, resistance around $395, aligning with the 50-day and 200-day EMAs, could pose challenges. On the downside, BCH has support zones at $360 and $300, where previous rebounding has occurred.
Market Sentiment and Technical Signals
Technical indicators currently point to mixed signals. The Relative Strength Index (RSI) has dipped below its 14-day simple moving average, indicating waning bullish momentum. A noteworthy observation is the reduction in trading volumes by 19% over the last 24 hours, reflecting diminished buying interest. However, the volume spike during the formation of the right shoulder suggests accumulation and a possible breakout.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Conclusion
In summary, the Mt. Gox repayment processes are creating short-term volatility in Bitcoin Cash prices. While there’s a recent decline due to increased asset withdrawals, the technical patterns suggest a potential for upward movement if the buying pressure increases. Investors should keep a close watch on the key resistance and support levels to navigate the market effectively.
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
